Canada Goose (NYSE:GOOS) Raised to Hold at Zacks Research

Canada Goose (NYSE:GOOS) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other research analysts also recently issued reports on the stock. Wall Street Zen downgraded shares of Canada Goose from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. TD Cowen lifted their price target on shares of Canada Goose from $13.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird set a $11.41 price objective on shares of Canada Goose in a report on Friday, July 31st. Williams Trading cut shares of Canada Goose from a “hold” rating to a “strong sell” rating in a research report on Friday, July 24th. Finally, Weiss Ratings downgraded Canada Goose from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Canada Goose has an average rating of “Reduce” and an average target price of $11.78.

Canada Goose Trading Up 0.5%

Shares of GOOS stock opened at $7.71 on Monday. Canada Goose has a fifty-two week low of $7.36 and a fifty-two week high of $14.69. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.97 and a current ratio of 2.33. The stock has a 50 day simple moving average of $8.31 and a two-hundred day simple moving average of $9.67. The company has a market cap of $752.47 million, a P/E ratio of 19.76, a PEG ratio of 0.48 and a beta of 1.62.

Canada Goose (NYSE:GOOS) last posted its quarterly earnings results on Thursday, July 30th. The company reported ($0.64) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.06. The firm had revenue of $83.71 million for the quarter, compared to analysts’ expectations of $76.34 million. Canada Goose had a return on equity of 14.28% and a net margin of 3.65%.The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. Research analysts forecast that Canada Goose will post 0.9 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in Canada Goose by 47.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 568,377 shares of the company’s stock valued at $6,233,000 after buying an additional 182,916 shares during the last quarter. CenterBook Partners LP purchased a new position in Canada Goose during the 4th quarter worth $5,363,000. Royal Bank of Canada boosted its holdings in Canada Goose by 4.2% during the 1st quarter. Royal Bank of Canada now owns 270,743 shares of the company’s stock worth $2,970,000 after acquiring an additional 11,015 shares during the last quarter. Great Hill Capital LLC grew its stake in shares of Canada Goose by 62.0% in the 1st quarter. Great Hill Capital LLC now owns 132,065 shares of the company’s stock worth $1,449,000 after acquiring an additional 50,529 shares in the last quarter. Finally, Clough Capital Partners L P bought a new stake in shares of Canada Goose in the 1st quarter worth $917,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Canada Goose Company Profile

Canada Goose Holdings Inc designs, manufactures and sells performance luxury apparel and accessories under the Canada Goose brand. The company is best known for insulated parkas and winter jackets designed for cold-weather conditions, and its product range also includes lightweight jackets, knitwear, fleece, vests, pants, footwear, gloves, hats and other accessories.

The company sells its products through company-operated retail stores, e-commerce platforms and wholesale partners. Its operations serve customers in North America, Europe and Asia, including markets such as China, Japan and South Korea.